If you’ve been paying attention here for a while, you realize that we’re talking tongue in cheek when we say to resist the conservative investment. The problem is that what conventional wisdom defines as conservative is very far from it. Our online realtor classes focus on the actual conservative investment, real estate, which is, strangely, also the most profitable from a historical standpoint. The “experts” like to claim stocks, bonds, money markets, cash, and gold to be the conservative approach, with real estate nothing but a dizzying ride to a crash landing.
Successful realtor agents have moved beyond the sometimes simplistic thinking of the financial self-help crowd and realize that the blanket statement, “Debt is bad.” is a silly thing to say. Some types of debt are definitely bad. Destructive debt accumulated by out-of-control consumerism is an example. On the other hand, constructive debt, the kind incurred whilst using other people’s money to grow your own wealth, is a whole different ballgame.
We all want our real estate investments to appreciate, right? We’re not in this for our health. Maybe you’re a property professionals who was able to see through the sinking ship of the stock market, who grew tired of the roller coaster to nowhere Wall Street dragged you on over the years and suddenly realized, once inflation was factored in, your portfolio was the victim of anemic growth.
While today’s real estate world might resemble yesterday’s on the surface, there are monumental uprisings lurking beneath, threatening to tip the balance of power from traditional buy a home and hold it forever to the income property model. As an agent, ignoring this reality could hit your pocketbook hard. The old real estate designations are no longer completely adequate to prepare you to reach the level of success you’ve dreamed about.
A 2004 study by Wholesale Access Mortgage Research & Consulting revealed there 53,000 mortgage brokerage companies in the United States and that these companies originate a full 68% of all residential loans in this country. Every state differs in the level of license and certification required of its mortgage professionals but the task of turning your mortgage broker education into something that equates to commissions in the pocket is a tricky prospect.